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NuStar Energy Closes on Sale of Its European Operations to Inter Pipeline for $270 Million
December 7, 2018
NuStar Energy L.P. has closed on the sale of its European terminals and related assets to Inter Terminals Ltd., which is Inter Pipeline Ltd.’s European storage subsidiary, for $270 million. The operations include six liquids storage terminals in the United
B&W to Provide Boilers for Imperial’s Aspen Oil Sands Project in Alberta, Canada
December 7, 2018
Babcock & Wilcox Enterprises, Inc. subsidiary, The Babcock & Wilcox Company, has been awarded a significant contract to provide five industrial water-tube boilers to Imperial Oil for its Aspen oil sands project in Alberta, Canada. B&W will design and supply
Williams to Invest $500 Million to Expand Transco Pipeline Capacity, Pa.
December 6, 2018
A major operator of energy infrastructure in Pennsylvania is planning a $500 million project to increase the amount of Marcellus Shale natural gas that can be transported from wells in the northern and western parts of the state. The increased
The Atlantic Coast Pipeline is a Vote for the Future
December 6, 2018
The Atlantic Coast Pipeline is a step toward energy independence, good jobs, and lower energy prices for all Americans. The proposed 600-mile natural gas pipeline that will run from West Virginia, though Virginia, to its destination in North Carolina, is
Southwestern Energy Completes Transformational Sale of Fayetteville Shale Business
December 5, 2018
Southwestern Energy Company has completed the sale of its Fayetteville assets to Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds. The sale of the company’s Fayetteville exploration, production and midstream assets for $1.865 billion in
Bechtel and Cheniere Achieve LNG Production at Corpus Christi Liquefaction Project, Texas
December 5, 2018
Bechtel joined its customer Cheniere Energy to announce production of the first liquefied natural gas (LNG) from the Corpus Christi Liquefaction project in Texas. This production train at the Corpus Christi project is the latest of six trains that Bechtel
Pacific Drilling Successfully Emerges from Chapter 11 Proceedings
December 5, 2018
Pacific Drilling S.A. and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to their chapter 11 plan of reorganization. In connection with emergence from bankruptcy, the company raised $1.5 billion in
Pioneer Natural Resources to Decommission Brady Sand Mine, Texas
December 5, 2018
Pioneer Natural Resources Company said it will close its sand mine located in Brady, Texas, and transition proppant supply to West Texas sand sources. The company expects to wind down operations during the first quarter of 2019 and transition to
Diamondback Energy Acquires Alabama-based Energen
December 4, 2018
Texas-based oil and gas company Diamondback Energy has wrapped up its acquisition of Energen, an oil and gas exploration and production company headquartered in Birmingham, Alabama. The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings
Par Pacific to Acquire US Oil and Refining for $358 Million
December 4, 2018
Par Pacific Holdings, an oil and gas exploration and production company based in the US, has signed an agreement to acquire downstream business US Oil & Refining and some affiliated entities for $358m plus net working capital. The acquisition will
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